Mark zuckerberg rumoured to snap up hawaii estate

The North Shore of Kaua‘i Photo: Sotheby's

What does the 13th richest man in the world do with his spare time? Buy 357 acres of Hawaiian beachfront real estate, according to new reports.

Mark Zuckerberg, the founder of Facebook, has seen his net worth soar to $34.7 billion, according to Forbes. He is having no trouble finding things to spend it on, though, if new reports are to be believed, with the 31-year-old linked to the purcase of a huge beachfront estate in Hawaii.

The land on the north of Kauai spans 375 acres and was listed on the market in 2011 for a handsome $67.5 million, before being relisted recently for $70 million. An unnamed source told Pacific Business News that Zuckerberg managed to knock that figure down to $66 million, with the land already approved for the construction of "80 homesites with approved roads", making it ideal for a "master-planned development" or, for buyers with a more humble ambition, a beachfront family estate.

Zuckerberg is no stranger to the Hawaiian real estate market, though, after purchasing several multi-million-dollar condos in a Honolulu development in 2013 according to another of PBN's sources.

Zuckerberg and his wife, Priscilla Chan, were also spotted by the press enjoying a holiday among the islands in 2012.

Back home, Mark has been no less prolific, buying up four homes next to each other in Palo Alto. His aims, though, are simpler than they sound: he simply wanted privacy around his existing home.